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EXECUTIVE WATCH GlobeSt.com:
BY ANTHONY J. LOPINTO
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| EXECUTIVE WATCH
is a weekly column featured on GlobeSt.com, the leading online real estate
news site. Tony LoPinto, the CEO of Equinox Partners has been the
author of this widely read column.
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No deal
By Anthony J. LoPinto
June 10, 2008
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Well, more shoes are dropping. Lehman announced a whopping quarterly loss and needs to raise $6 billion from investors. Last Friday, the markets were seriously rattled with the latest jolt of oil price increases, and the price of gas at the pump broke $4 this week, further squeezing consumers We still seem to be looking for the bottom of this difficult economic cycle, and it's unnerving, to say the least. This market is also beginning to have an impact on the hiring processes. We have noted with more frequency that hiring managers do not feel compelled to stretch when they make offers to candidates. With fewer searches and less competition for talent, a more conservative mindset has taken hold. In fact, some companies are now even balking at giving individuals their whole 2008 bonus and offer only to prorate them. The problem is that he or she will leave one half or more of this year's bonus on the table if they leave their current employer. The rub is that top performers are still at a premium, and by cutting corners around the edges of an offer, the shortsighted hiring manager may end up with a "thanks, but no thanks."
© 2008 - GlobeSt.com, all rights reserved.
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